Regions Bank vs Bank of America

Regions Bank is a south and Midwest bank with special reward programs. How does it compare to Bank of America? Read our comparison chart below.

Regions Bank has 1,500 branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees. The unique Now Banking solution offers prepaid Visa, savings, and check cashing services with no account required.

While Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

Compare Regions Bank with Bank of America, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Regions BankChaseCitibankUS BankDiscover Bank	Member FDIC
	Learn More	Visit Site
	Regions Bank	Bank of America
	SPECIAL OFFER LifeGreen Savings Account – Up to $100 Annual Savings Bonus - Learn More Read Regions Bank Review	SPECIAL OFFER Bank of America Business Advantage Checking Account - $200 Bonus Offer - Learn More Read Bank of America Review
	Benefits and Features
Savings	0.01% APY
CD	0.01% APY (Up to 5.15% APY for Promotional Relationship)
Checking
Customer Service	24/7 Telephone Customer Service	Mon-Fri: 8am - 9pm (ET) Sat: 8am - 8pm (ET) Sun: 8am - 5pm (ET)
ATMs	More than 1900 ATMs in 15 Southern and Midwestern US states.	Approximately 16,000+ ATMs
IRA CD
Locations	More than 1500 branches in 16 Southern and Midwestern US states.	Approximately 3,900 retail financial centers
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: $50 to open checking account Relationship Rewards program LifeGreen Savings annual bonus Cons: No free checking option Limited branches Low savings APY	Pros: Large branch network Extended service hours Full service banking Cons: Monthly fees Low interest rates Many misc. banking fees
Bottom Line	South and Midwest bank with special reward programs... Read full review	National bank with widespread accessibility and wide range of services... Read full review
	Learn More	Visit Site
	LifeGreen Savings Account – Up to $100 Annual Savings Bonus LifeGreen Business Simple Checking® LifeGreen Business Checking®	Bank of America Business Advantage Checking Account - $200 Bonus Offer Bank of America Advantage Banking - $200 Bonus Offer Bank of America Advantage SafeBalance Banking®
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Regions Bank: Pricing information from published website as of 11/25/2023 based on 35203 zip code. Bank of America: Pricing information from published website as of 11/24/2023 based on 91107 zip code.

Member FDIC

Bank of America Business Advantage Checking Account - $200 Bonus Offer

Learn More

Expires 12/31/2023

Earn a cash bonus in three steps:

1. Open a new eligible business checking account by December 31, 2023
2. Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
3. Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**

*Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC

Member FDIC

Business Advantage Fundamentals™ Banking

• No fee for first 200 transactions per statement cycle
• No fee for first $7,500 in cash deposited per statement cycle
• Waive the $16 monthly fee in a variety of ways

Learn More

Member FDIC

Business Advantage Relationship Banking

• No fee for first 500 transactions per statement cycle
• No fee for first $20,000 in cash deposited per statement cycle
• Waive the $29.95 monthly fee by maintaining a $15,000 combined average monthly balance

Learn More

Which is Better: Regions Bank or Bank of America?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Regions Bank or Chase.

In short: Regions Bank's savings is notable. Bank of America's mobile app is noteworthy.

Articles on Regions Bank

Regions Bank Review

Regions Bank offers a variety of deposit products, easy account opening requirements, and special reward programs. Read on to see if this bank is right for you.

• Regions Bank vs Chase

Articles on Bank of America

Bank of America Review

Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.

• Bank of America vs Wells Fargo
• Bank of America vs Citibank
• Bank of America vs US Bank

How to Close a Bank of America Account

Want to close your Bank of America account? Learn how and what you need to do before you close your account.

• Bank of America vs Capital One
• Bank of America vs USAA Bank
• Bank of America vs Discover Bank

Bank of America Hours

Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.

Bank of America Routing Number

Find your Bank of America routing number and learn about money transfers in our guide.

Which Do You Think is Best?

You Might Also Like

How Long Does It Take to Open a Bank Account

Opening an account can be done in minutes at most banks. So, make sure your requirements are ready to avoid delays. Read on for more details.

Best Banks for Small Business in Florida

The right bank account can help your business grow. Read on for the best bank options for your Florida-based small business.

Best Banks in Orlando

Are you looking for a new bank in Orlando? Look no further than this guide to the best banks in Orlando, Florida.

Best Banks in Florida

Are you a Floridian trying to find a new bank? It's easy with this helpful guide to the best banks in Florida. Read on to learn more.

First Tennessee Bank Review: Account Good for You?

What means the most to you when you look for checking and savings accounts? Is it the interest rate, monthly required balance, or something else? At First Tennessee, you won't find the highest interest rates, but you'll find customer service and a variety of fringe benefits that may make it worth opening an account.